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stoner422

11/03/18 2:35 PM

#94689 RE: nowwhat2 #94688

That's all relative to how you trade and what you look for in indicators. I'm not looking at charts on CGC everyday since I'm long and I don't utilize trend lines when I am trading so I have a different approach. I have six indicators that I rely on and if 4 of them are positive I'll trade it. The one BIG thing I totally forgot that COULD affect this this week is the election. I have no idea how I overlooked that! Now I'm thinking the overall market is going to be flat on no news until Tuesdays results are in. Conservatives stay in control I the market goes up on Wednesday if the results go the other way then we're going to see a sell off. That could make my trade riskier. Overall the outlook for marijuana will be great market wise no matter who wins, but the short term look on the broader market if the Dems win will be down, if that happens then I still think the STZ deal support remains in tact but we trade flat and consolidate for awhile. Can't believe I left out the election perspective!